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Real Estate
Reply to "What is actually "conservative" for financing a home?"
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[quote=Anonymous]That sounds ok, but don't forget to include PITI. I make a lot less than you guys and can manage my $2,500 payment no problem, but that includes everything. (mortgage is like $415K.) Around here, it's hard to find something - purchase or rental - that doesn't cost you that much per month. And yes, mortgage interest on that amount would be substantial, which would give you a substantial tax break. (have him look at irs.gov and that might reassure him.)[/quote]
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